Global Value Investing

[Drexion2004]

I fully expect shares to be issued to resolve this funding problem. Even if they go the debt route, they will need some kind of short-term cash to give them time to set that up properly. MK will be willing to play that role but will demand some shares of course.

I don't expect the best scenarios to play out and frankly as long as we end up with less than 800M shares outstanding, i'll be quite satisfied with my Baja investment. For a situation worse than that 800M scenario to occur, we'd need to either NOT obtain funding (a low probability event in my opinion) or obtain it in the worst way possible.

I'm willing to play those odds, which is why I bought back all the shares (and then some) today which I had sold for 34 cents the other day on the spike ;).

-Fernando